Alexandoy
VIP Contributor
Investing in stocks is best for a long term. In case you would be needing the invested money then you would be forced to sell at the current market price which can be lower than the buying price. That is the situation that was experienced by newcomers to stocks. They buy now and sell next month because the badly needed the money.
The antidote to selling the stocks in a wrong timing is to invest in several stocks. Choose 3 stocks to invest and break your investment fund into 40% for stock A, 30% for stock B and 30% for stock C. When the situation calls for selling then choose among the 3 stocks which to sell for the needed funds. At least the other 2 stocks can stay to wait for the annual dividend or the price increase.
The antidote to selling the stocks in a wrong timing is to invest in several stocks. Choose 3 stocks to invest and break your investment fund into 40% for stock A, 30% for stock B and 30% for stock C. When the situation calls for selling then choose among the 3 stocks which to sell for the needed funds. At least the other 2 stocks can stay to wait for the annual dividend or the price increase.